RubinBrown Team Member Manual

Section: Long Term Disability Insurance 405

Policy Title: Policy Number:

Employee Benefits

Effective Date:

Supersedes Policy Dated:

06/01/2024

06/01/2023

Background: RubinBrown assists team members in preparing for life’s unexpected events by providing an opportunity to attain Long Term Disability insurance at group rates. Policy: Long Term Disability provides partial compensation for team members that are unable to work due to long term disability and is a voluntary component of our benefits package. All full time team members who are participating in the plan are eligible for coverage the first of the month after 30 days of service with the Firm. Coverage for Flexible Work Program team members, who have chosen to participate in the plan, will begin the first of the month after 30 days of service, anticipating that the team member will work 1,000 hours or more of service in a 12 month period beginning on the date the team member commences employment and in subsequent plan years beginning June 1. Procedure: Premiums will be deducted from the team member’s paycheck each pay period. This component is paid exclusively by the individual team member electing coverage. Any disability benefits received through this plan will be tax free to the team member. Long Term Disability Insurance benefits will continue in force for a maximum period of 12 weeks throughout any leave of absence. Team members will continue to pay the premium each regular pay period or make alternative arrangements prior to the team member’s leave. Open enrollment is held in November of each year to provide team members an opportunity to participate in the plan and/or make changes effective January 1. For more detailed information, please refer to the plan document located in the RubinBrown Team Member Self Service website (UKG).

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